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Since the eurozone crisis first erupted three years ago it has largely been seen as Europe’s problem. It has now become a global emergency. This crisis is “scaring the world” says President Obama, whose Treasury Secretary Timothy Geithner visited Europe twice in a week to meet European finance ministers and who has demanded speedy action… » read more

Posted by Michael Berendt

People may have questioned Chancellor Angela Merkel’s commitment to the European Union over recent years, but there is no denying the pivotal role which she is playing in defence of the euro. What a desperate battle she has to fight! The trouble is that her own battalions are deeply sceptical of her campaign. The misgivings… » read more

Posted by Michael Berendt